The Melnick State of the Israeli Economy Index Update

תפריט

25/02/2025

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The Melnick State of the Israeli Economy Index rose by 0.3% in January 2025, reflecting an increase in business sector activity.

At the end of 2024 and the beginning of 2025, an economic recovery trend is evident, driven mainly by increased domestic demand.

Revenue in economic sectors, which reflects domestic demand, primarily private consumption, continued to rise, and this apparently reflects expectations for the end of the war. The industrial production index, which represents the supply side of the business sector, also rose and contributed to the increase in activity.

The import index, largely comprising inputs for domestic production, declined and may indicate that the increase in activity in the future is not guaranteed. The number of employee posts in the business sector decreased slightly, offsetting the increase in the previous month.

January 2025 Index Components

• Industrial production index: increased by 2.6% in December, after a 0.1% increase in November.

• Revenue of economic sectors: increased by 4.1% in December, after a 4.1% increase in November.

• Import index: decreased by 5.1% in January, after a 0.6% decrease in December.

• Employee Posts in the business sector: decreased by 0.2% in November, after a 0.1% increase in October.